watches

Rare Patek Philippe watch sells for record €5.4 million at auction

The Patek Philippe ‘Sky Moon Tourbillon’ is now the most expensive timepiece ever sold at an online auction

The Patek Philippe ‘Sky Moon Tourbillon,’ features a blue hand-made enamel dial and a white gold hand-carved case. Image: Christie’s

A rare Patek Philippe watch sold for $5.8 million (€5.4 million) in Hong Kong, the highest price ever paid for a timepiece in an online auction.

The Patek Philippe ‘Sky Moon Tourbillon,’ with a blue hand-made enamel dial and white gold hand-carved case, fetched 45.45 million Hong Kong dollar on Tuesday, Christie’s, the auction house, said in a statement.

The price shows collectors are still willing to shell out for rare watches despite troubling issues ...